CERC proposes first amendment to power market regulations, 2025
The Central Electricity Regulatory Commission (CERC) has issued a draft of the first amendment to the Power Market Regulations, 2021. Dated 17 June 2025, the draft aims to reflect evolving market trends, including the rise of virtual contracts and the growing role of designated consumers under energy conservation laws. The amendment introduces and defines new concepts such as the Virtual Power Purchase Agreements (VPPA) and “VPPA price”. A VPPA refers to a non-transferable, specific delivery Over-the-Counter…